Ramco Industries to sell Kharagpur grinding unit

Ramco Industries Ltd has agreed with The Ramco Cements Ltd, a related party, for the sale of its clinker grinding unit in Kharagpur, West Bengal. 

The revenue contribution of the said unit was INR30,470m (US¢469m) - four per cent of Ramco Industries Ltd's revenue.

The buyer will provide cash consideration of INR170m (US$36.1m) as part of the deal.